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China blasts US for spreading fear, ‘overreaction’ to virus

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

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Lexus surges globally despite US sales stall

Bloomberg Toyota Motor Corp’s luxury Lexus brand posted a double-digit sales gain last year, taking its 30th anniversary in stride as strength in China and Europe offset stalled demand in North America. The brand, which debuted in 1989, grew 10% to 765,330 vehicles worldwide, Toyota said in a statement on Monday, powered by strong sales of its UX subcompact crossover ...

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Multi-billion dollar IPOs popping up in India

Bloomberg India is gearing up for what could potentially be a slew of mega initial public offerings. PM Narendra Modi’s government surprised investors on February 1 by saying it will sell part of its stake in state-run behemoth Life Insurance Corp of India to meet its record asset-sale target. The jumbo sale could fetch the government between 850 billion rupees ...

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